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Latin American development bank CAF has created a strategic alliance with Singapore, CAF said in a press release.
CAF signed a cooperation agreement with Singaporean development agency International Enterprise, which promotes import and exports and is in charge of the country's international trade relations.
The two countries will work together in areas including infrastructure, energy, international trade, financing, urban planning and clean technologies.
CAF's membership is made up of 18 Latin American and European nations and 14 private sector banks.